Photo of Mobile Home Park
Office, laundry & apartment
Park Entrance
Main Street
Park Street
Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash, New Loan
- Listing ID: 365173
- Posted On: Mar 6, 2013
- Updated On: Sep 23, 2017
Description
This park is close to the freeway and downtown Toledo. It has 80 mobile home and 9 trailer spaces. It has several buildings including an office, a laundry, and an apartment for an onsite manager. In addition, there is a very large garage for storage. It has been a passive investment for some time and would respond to marketing to bring it above the 50% occupancy that it has had recently. The park sits on 8.22 acres.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 89 |
| Total Occupancy: | 50.0 % |
| Year Built: | 1940 |
| Average MH Lot Rent: | $230 |
| Size: | 8 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $115,920 |
| Operating Expense: | $48,587 |
| Net Operating Income: | $67,330 |
| Expense Ratio: | 41.9 % |
Lot Information
| Singlewide Lots: | 84 |
RV Information
| Number of RV Lots: | 5 |
| Average RV Lot Rent: | $220 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
